Depreciation
This query is : Resolved
16 September 2014
can we charge dep on asset purchased on 28th Marh 2014, for FY 2013-14
16 September 2014
Yes you can charge depreciation provided its put to use.
16 September 2014
additionally it shall be provided 50 % as its used only for 4 days if at all it was used.
16 September 2014
As per income tax 50% of applicable deprecation will be allowed if the asset is put to use for less than 180 days.
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